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Wed 5 Mar 2014, 06:12 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes assessment ended softer this afternoon. Fuel oil cargo fell weak by about USD6-7/MT while gasoil cargo dipped by about USD0.50/BBL. This was probably due to more weakness shown on the crude futures earlier and delivered prices were quoted much cheaper as well. Meantime, our bunker indication is revised downward once again, amid above average demand.

Morning Commentary

Crude futures for April contracts concluded bearish last night upon closing. Light Sweet Crude price shed lower by USD1.59/bbl while ICE Brent plunged lower by USD1.90/bbl.

This has dragged down the paper market in Singapore too this morning. Both fuel oil and gasoil papers were pegged softer by about USD5.00/MT and USD0.45/bbl respectively. Cargo offers are expected to sell cheaper if crude futures were to fall further. Meantime, our bunker indication is revised downward slightly for all grades.

Chart showing Singapore TTM bunker sales, November 2025. Singapore bunker sales break new ground as TTM volumes surpass 56m tonnes  

Trailing 12-month bunker sales rise to new all-time record at Asian port.
Bow Leopard vessel. Odfjell launches operational green corridor between Brazil and Europe using biofuel  

Chemical tanker operator establishes route using B24 sustainable biofuel without subsidies or government support.
United LNG I vessel. Somtrans christens 8,000-cbm LNG bunker barge for Belgian and Dutch ports  

United LNG I designed for inland waterways and coastal operations up to Zeebrugge.
Photograph of a red container vessel. BIMCO adopts FuelEU Maritime and ETS clauses for ship sales, advances biofuel charter work  

Documentary Committee approves regulatory clauses for vessel transactions, progresses work on decarbonisation and emerging cargo contracts.
ABS, Eneos, NYK Line and Seacor Holdings logos side by side. Four companies launch study for US methanol bunkering network  

ABS, Eneos, NYK Line, and Seacor to develop ship-to-ship methanol supply operations on Gulf Coast.
CMA CGM Antigone naming ceremony. CMA CGM names dual-fuel methanol vessel for Phoenician Express service  

CMA CGM Antigone to operate on BEX2 route connecting Asia, the Middle East and Mediterranean.
Capt. Kevin Wong, Golden Island. Golden Island appoints Capt Kevin Wong as chief operating officer  

Wong to oversee ship management and low-carbon fuel development at Singapore-based marine fuels company.
LPC and Gram Marine launch operations in Argentina graphic. LPC launches Argentine marine lubricants hub with Gram Marine  

Motor Oil Hellas subsidiary partners with maritime services provider to supply products to regional ports.
Chicago Express vessel. Hapag-Lloyd orders eight methanol-powered container ships worth over $500m  

German carrier signs deal with CIMC Raffles for 4,500-teu vessels for 2028-29 delivery.
Global Ethanol Association (GEA) and Vale logo side by side. Vale joins Global Ethanol Association as founding member  

Brazilian mining company becomes founding member of association focused on ethanol use in maritime sector.




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